The legendary Jim Sinclair has sent another email alert to subscribers regarding the take-down in the gold and silver markets Thursday on the release of the December Fed minutes.
Sinclair states that contrary to the Fed’s MOPE attempting to convince the market that QE will be phased out in 2013 as the economy recovers, There is no practical way that QE can cease here or in Euroland without a total and final collapse of the financial system.

Sinclair points out that the entire derivatives market hinges on the Fed’s unceasing QE, as the moment QE ceases, the US bond market collapses and the Fed must debt monetize all required debt, which means if QE stops, it starts up again immediately and in a crisis mode.

Sinclair states that QE cannot stop or the world as we know it instantly ends, and that the implications to what the Fed has done cannot be talked or manipulated away.  The consequences are coming.

Full alert below:

foreign and domesticAmerica’s greatest enemies today are not foreign, they are domestic.  At least one Marine is taking his oath to defend this country against all enemies, foreign and domestic seriously:

Marine Cpl Joshua Boston has sent Democratic Senator Dianne Feinstein a letter informing her that he will not comply with her legislation requiring Americans to register their weapons with the Federal gov’t, informing Feinstein that:

I am not your subject. I am the man who keeps you free. I am not your servant. I am the person whom you serve. I am not your peasant. I am the flesh and blood of America.  I am the man who fought for my country.   I will not register my weapons should this bill be passed, as I do not believe it is the government’s right to know what I own. Nor do I think it prudent to tell you what I own so that it may be taken from me by a group of people who enjoy armed protection yet decry me having the same a crime.

Cpl Boston’s full MUST READ scathing letter to Senator Feinstein is below:

USMintThe US Mint has updated their gold eagle sales totals, and the Mint has reportedly sold an astonishing 57,000 ounces of gold in the first 2 business days of January- nearly half the total of all of January 2012!

Yet again, the precious metals move down began in earnest during illiquid markets in Asia. On Thursday, gold fell almost 1.5% during the first three hours of Asian trading.

Gold has broken below the December low of $1,635/oz and below the 50, 100 and 200 day moving averages. However, technical analysis should be ignored in favour of fundamental analysis given that there are strong grounds for suspecting that the gold and silver markets are subject to manipulation by certain banks in the same way that interest rates were in the LIBOR manipulation.

The move down is overdone and the smart money will again see the over reactive sell off, manipulative or not, as a nice gift to start the New Year and will again accumulate on the dip.

super spikeAltInvestors have released an interview with BrotherJohnF on the outcome of the fiscal cliff deal, and BrotherJohn’s outlook for silver in 2013.
John discusses the similarities of the US debt crisis to Japan, and why he believes we will see a massive super-spike in silver during the next bull rally.

Full interview below:

CelenteGold and derivatives expert Jim Sinclair has sent subscribers an alert this morning warning on the severity of the global derivatives market, which Sinclair has dubbed the Global Derivative Graveyard Problem.
The IMF, which currently estimates the global derivatives market to be approximately $600 trillion (rather than the true $1.26 QUADRILLION notional), has come out and stated that the entire derivatives market is a WMD time bomb

Got Phyzz? 

2nd amendmentSubmitted by Stanislav Mishin

These days, there are few few things to admire about the socialist, bankrupt and culturally degenerating USA, but at least so far, one thing remains: the right to bare arms and use deadly force to defend one’s self and possessions.  This will probably come as a total shock to most of my Western readers, but at one point, Russia was one of the most heavily armed societies on earth. This was, of course, when we were free under the Tsar.

One of the first things the Soviets did when they took over was to disarm the population. From that point, mass repression, mass arrests, mass deportations, mass murder, mass starvation were all a safe game for the powers that were. The worst they had to fear was a pitchfork in the guts or a knife in the back or the occasional hunting rifle. Not much for soldiers.

To this day, with the Soviet Union now dead 21 years, with a whole generation born and raised to adulthood without the SU, we are still denied our basic and traditional rights to self defense. Why? We are told that everyone would just start shooting each other and crime would be everywhere….but criminals are still armed and still murdering and to often, especially in the far regions, those criminals wear the uniforms of the police.

silverSilver investors are likely familiar with Warren Buffet’s foray into physical silver, and how he was forced out of his 130 million ounce silver position in 2006- roughly the same time-frame as the launch of the silver ETF SLV. 
Could buffet be attempting to re-enter the silver market, under the cover of solar energy? 
MidAmerican Energy Holdings, a subsidiary of Berkshire Hathaway has announced a deal with SunPower to build two solar projects in California’s Antelope Valley totaling $2.5 billion- the largest solar project in history.
Perhaps our friend Blythe should take notice that production is scheduled to begin Q1 2013.

In his latest market update, Greg Mannarino states that the market pop in the wake of the 2 month fiscal cliff agreement is merely a relief rally that has no real legs.  He points out that the agreement does absolutely nothing to address spending.
Mannarino states that the Fed’s $85 billion in monthly counterfeitting to monetize the US budget deficit will steal purchasing power from Americans.   Mannarino states that the US ratings agencies will face massive pressure to downgrade the US in 2013, which will result in the busting of the US debt bubble will burst in 2013, and force massive amounts of cash into commodities and physical precious metals.
Cash is going out of style, buy phyzz!

Full update below:

1800Alf Field, the man who Jim Sinclair has labeled the best gold chartist alive, has released his latest gold analysis for 2013.

Field states that there is a high probability that the 3 month correction in gold that began at $1797 is now completed, and that gold is perfectly set up from a technical perspective for a quick move to $4,500 in the next up-leg once $1800 is taken out to the upside.

Field concludes his analysis by stating that gold is well set up for a spectacular move in 2013.

We continue to favour the Dow Gold Ratio chart as a good indicator as to when the gold bull market might end. It is likely to reach the levels seen in 1980, close to  1:1 or the Dow at 5,000 or 10,000 and gold at between $5,000/oz and $10,000/oz.

This will be an indication that the gold bull market will be in its final innings. Provided of course we do not return to some form of gold standard whereby gold bull markets and bear markets will again become confined to history.

We continue to be more bullish on silver in the long term and believe the gold silver ratio should fall back to the geological 15:1 level as was last seen in 1980. This means that silver continues to be more attractive from a return point of view.